Friday, August 12, 2016

Do you need a tax anticipation loan?

Do you need a tax anticipation loan?

If you’re in need of some extra cash, borrowing against your next income tax refund might be exactly the answer you’ve been looking for.

What is a tax anticipation loan exactly? How it is different from any other loan?

A tax anticipation loan is like borrowing from yourself – it’s an advance on your income tax refund, which is the government sending back income tax withholding that exceeds what you actually owed them and were supposed to pay. It’s literally your own money.

What can a tax anticipation loan do that a regular bank loan can’t?

For one thing, it’s a lot simpler and faster – if you’re in a financial bind and need cash quickly, a tax anticipation loan can be just the ticket. There’s less paperwork, less red tape, less stress, and much less waiting and wondering.

Ok, how does it work exactly?

First of all, the application is online. What could be easier than that? Just grab your favorite internet-enabled device and click the link to the website. The application itself is quick and simple, and lenders are available 24 hours a day so there’s never any delay in getting approved.

What if my credit’s not that great? Or maybe even terrible? Can I still be approved?

You absolutely can. Instead of the standard credit check, the dedicated network of lenders that works with tax anticipation loans uses alternative methods of evaluating an applicant’s creditworthiness and ability to repay. They will consider factors such as your income and employment history, but in most cases will not run a credit check, so whatever is lurking from your past will remain private.

Speaking of private – is it really safe to put all that personal info into the computer?

Although we are reminded frequently that there are dangers online and our personal information is at risk when we use internet services, most of us have become comfortable conducting various types of business online. Data breaches do happen, identity theft does happen – but meanwhile the vast majority of us are using the internet to make purchases, check our bank balance, and even pay our bills without a negative incident.

Do I need collateral or financial statements in order to apply?

No. Lender approval of your tax anticipation loan application does not require any security. Nobody will ask for a copy of your income tax return, or proof that it was filed. And unlike the refund advance loans offered by professional tax prep companies, which require you to direct your refund to a bank account owned by them, you maintain control of your income tax refund at all times. If it’s not scheduled to be received soon you’ll need to repay the loan from your regular income –but then when the refund arrives it’s all yours!
There are many great loan sites offering quality loans, perhaps you would prefer:
How You Can Start Making Money with our Income Tax Loan Affiliate Program